Global Cheese Market to Reach US$185.0 Billion by 2030
The global market for Cheese estimated at US$163.0 Billion in the year 2024, is expected to reach US$185.0 Billion by 2030, growing at a CAGR of 2.1% over the analysis period 2024-2030. Natural Cheese, one of the segments analyzed in the report, is expected to record a 2.3% CAGR and reach US$131.9 Billion by the end of the analysis period. Growth in the Processed Cheese segment is estimated at 1.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$44.1 Billion While China is Forecast to Grow at 3.7% CAGR
The Cheese market in the U.S. is estimated at US$44.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$35.1 Billion by the year 2030 trailing a CAGR of 3.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.2% and 1.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.
Global Chees Market - Key Trends and Drivers Summarized
Cheese, a culinary cornerstone cherished for its rich diversity of flavors, textures, and forms, is derived from the coagulation of milk protein, predominantly sourced from animals like cows, buffaloes, goats, or sheep. Its intricate characteristics are shaped by various factors, including the milk`s source, pasteurization, aging process, and the specific bacteria and molds used during fermentation. This interplay of elements results in an extensive range of cheeses, each with its distinct identity, reflecting the geographical and environmental nuances of its place of origin.
The global cheese market is experiencing robust growth, driven by an amalgamation of culinary trends, economic dynamics, and shifting consumer preferences. As an indispensable component of culinary traditions worldwide, cheese is not only penetrating new markets but also expanding its foothold in traditional ones. Consumers, increasingly conscious of health and nutrition, are seeking cheeses not only for their indulgent taste but also for their nutritional benefits, including high-quality protein and essential vitamins. Furthermore, the market is witnessing a surge in demand for artisanal and plant-based alternatives, reflecting a broader trend towards sustainability and dietary inclusivity.
Key drivers and trends in the cheese market encompass a multitude of facets. Gourmet and specialty cheeses are gaining traction, appealing to consumers seeking unique culinary experiences. Meanwhile, innovations in production techniques and packaging formats are enhancing convenience and accessibility, catering to evolving lifestyles. The proliferation of retail and foodservice channels is broadening cheese availability, meeting the demands of an increasingly diverse consumer base. Additionally, there is a growing appreciation for artisanal craftsmanship and premium quality, coupled with a heightened focus on sustainability across the cheese production chain. This entails the adoption of regenerative farming practices and eco-friendly packaging materials, aligning with consumer preferences for transparency and environmental responsibility.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
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APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
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176 OTHER COUNTRIES.
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